Star Health and Allied Insurance Company Ltd. reported a net profit of ₹128.22 crores for Q3 FY26, marking a robust sequential improvement of 133.55% from Q2 FY26's ₹54.90 crores. However, the year-on-year comparison reveals a more sobering reality, with profits declining 40.40% from ₹215.14 crores in Q3 FY25. The ₹25,442 crore market capitalisation health insurer continues to navigate a challenging landscape where premium growth comes at the cost of profitability margins, raising concerns about sustainable earnings quality in India's fiercely competitive standalone health insurance segment.

Grovy India Ltd., a micro-cap property development company with a market capitalisation of ₹62.00 crores, reported a concerning 79.95% quarter-on-quarter revenue collapse in Q3 FY26, raising serious questions about business sustainability despite posting a quarterly profit of ₹0.54 crores. The stock, trading at ₹44.00, has declined 0.05% following the results announcement, reflecting investor unease over the sharp revenue contraction.

Phoenix Mills Ltd., one of India's leading retail-led mixed-use developers with a market capitalisation of ₹62,923 crores, reported a consolidated net profit of ₹275.79 crores for Q3 FY26 (October-December 2025), marking a 4.17% year-on-year increase but a 9.28% sequential decline from the previous quarter. The mixed performance, characterised by steady revenue growth but contracting margins and profitability, has left the stock trading at ₹1,730.00 as of January 28, 2026, down 6.67% year-to-date and 11.96% below its 52-week high of ₹1,965.00.

Virat Industries Ltd., a micro-cap garments and apparels manufacturer specialising in export-quality socks, reported a net profit of ₹1.18 crores for Q3 FY26 (October-December 2025), marking a sharp decline of 35.16% quarter-on-quarter but an impressive 883.33% surge year-on-year from ₹0.12 crores in Q3 FY25. However, beneath this headline profitability lies a concerning narrative: net sales declined 19.20% sequentially to ₹5.85 crores, the lowest quarterly revenue in recent periods, whilst other income of ₹1.49 crores constituted a staggering 90.85% of profit before tax.

Lakshmi Machine Works Limited (LMW), India's leading textile machinery manufacturer with a market capitalisation of ₹15,580 crores, reported a disappointing third quarter for FY2026, with consolidated net profit plummeting 64.17% quarter-on-quarter to ₹14.66 crores from ₹40.92 crores in Q2 FY26. On a year-on-year basis, net profit declined 24.04% from ₹19.30 crores in Q3 FY25, raising concerns about operational efficiency and profitability sustainability despite the company's zero-debt balance sheet.

GSB Finance Ltd., a micro-cap non-banking financial company with a market capitalisation of ₹20.00 crores, reported a return to profitability in Q3 FY26 (October-December 2025) after posting a loss in the previous quarter. The company recorded a net profit of ₹0.18 crores for Q3 FY26, marking a dramatic turnaround from the ₹0.30 crore loss in Q2 FY26, though the stock continues to trade below all major moving averages at ₹33.87, down 31.93% from its 52-week high of ₹49.76.

Datamatics Global Services Ltd., a Mumbai-based IT services and consulting firm, reported a consolidated net profit of ₹36.38 crores for Q3 FY26, plummeting 42.47% quarter-on-quarter from ₹63.24 crores in Q2 FY26, though the decline on a year-on-year basis was even steeper at 51.04% compared to ₹74.31 crores in Q3 FY25. The stock surged 5.72% to ₹690.35 following the results announcement, as investors appeared to focus on the company's continued revenue momentum rather than the profit contraction.

GE Vernova T&D India Ltd., a leading player in India's power transmission and distribution infrastructure sector, delivered an outstanding third-quarter performance for FY2026, with net profit reaching ₹290.80 crores—a decline of 2.90% quarter-on-quarter but a remarkable 103.78% surge year-on-year. The market responded enthusiastically, with shares jumping 6.52% to ₹2,909.05 on January 28, 2026, pushing the company's market capitalisation to ₹72,726 crores. Despite trading at elevated valuations with a P/E ratio of 81x, the stock's momentum reflects strong investor confidence in India's ongoing power infrastructure expansion.

Balkrishna Industries Ltd., one of the world's leading manufacturers of off-highway tyres, reported a challenging third quarter for FY2026, with net profit declining 21.26% year-on-year to ₹273.19 crores. The ₹47,020-crore market capitalisation company, which commands the second-largest position in India's tyres and rubber products sector, witnessed sequential profit contraction of 5.24% from Q2 FY26's ₹288.30 crores, highlighting persistent margin pressures despite relatively stable revenue performance.

Checkpoint Trends Limited (formerly Rubra Medicaments Ltd.), a micro-cap pharmaceutical company with a market capitalisation of ₹66.00 crores, reported a net profit of ₹0.57 crores for Q3 FY26, marking a decline of 56.82% quarter-on-quarter but a turnaround from losses recorded in the corresponding quarter last year. The company's stock, trading at ₹123.95, has surged 1089.54% over the past year, reflecting extraordinary investor enthusiasm despite fundamental concerns about profitability and business model sustainability.

Dolat Algotech Limited, a technology-driven quantitative trading house with a market capitalisation of ₹1,427 crores, reported consolidated net profit of ₹38.89 crores for Q3 FY26, marking an impressive 762.31% quarter-on-quarter surge from the depressed ₹4.51 crores in Q2 FY26. However, the year-on-year comparison reveals a more modest 4.04% growth, whilst the nine-month performance for FY26 paints a concerning picture with net profit declining 58.31% compared to the same period last year. The stock responded positively to the quarterly recovery, gaining 8.77% on January 28, 2026, to close at ₹86.70, though it remains 21.89% below its 52-week high of ₹111.00.

AksharChem (India) Ltd., a Gujarat-based speciality chemicals manufacturer, has plunged into losses in Q3 FY26, posting a net loss of ₹4.62 crores compared to a profit of ₹0.05 crores in the previous quarter—marking an alarming deterioration of 8,500%. The stock, trading at ₹226.00 on January 28, 2026, has declined 1.20% in the latest session and remains under severe pressure, down 31.68% from its 52-week high of ₹330.80. With a market capitalisation of ₹185.00 crores, the micro-cap company faces mounting operational challenges that have triggered a "Strong Sell" rating from analysts.

T T Limited, a Delhi-based garment and apparel manufacturer, reported net profit of ₹0.18 crores in Q2 FY26, representing a sharp 58.14% decline sequentially from ₹0.43 crores in Q1 FY26, whilst posting a year-on-year decline of 63.27% from ₹0.49 crores in Q2 FY25. The micro-cap company, with a market capitalisation of ₹182 crores, saw its stock surge 9.13% following the results announcement, though this appears to be a technical bounce rather than fundamental strength, as the shares remain 56.41% below their 52-week high of ₹17.00.